Trump's tax hike wiped out US stocks, causing the Dow to plunge more than 1,000 points
2025-04-03 20:00:43
On April 4th, the three major U.S. stock indexes opened lower and closed lower. The Dow initially closed down about 1,700 points, the S & P 500 index fell 4.8%, and the Nasdaq index fell nearly 6%. Technology stocks tumbled, Apple (AAPL. O) fell 9%, and its market value evaporated about $300 billion. Amazon (AMZN. O) and NVIDIA (NVDA. O) fell 8.9% and 7.8% respectively. Intel (INTC. O) rose 2% against the market. Nasdaq China Golden Dragon Index fell 1.9%.
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